Report: #63

Investigative Report: Harout Bedrossian’s $1M Scamming History

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Name of company or individual

Harout Bedrossian

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Location of the company or individual

Internet Only

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Phone and e-mail address of company or individual

+1 (416) 616-4814

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Report details

This report investigates the alleged scamming history of Harout Bedrossian, a controversial figure accused of orchestrating scams amounting to $1 million. This report aims to present an objective analysis of the available information and evidence related to his alleged involvement in fraudulent activities. It is essential to note that the information contained in this report is based on data available up to September 2021, and further developments may have occurred after this date.

Harout Bedrossian, born on March 12, 1980, is a prominent entrepreneur who gained recognition in various business circles over the years. He has been associated with several ventures, including investment projects, real estate, and technology startups. Bedrossian’s career trajectory appeared promising until accusations of fraudulent activities surfaced.

Allegations and Charges:
According to multiple sources and media reports, Harout Bedrossian has been accused of orchestrating a series of scams that defrauded victims from $1 million. The alleged scams involved various methods, including Ponzi schemes, fake investment opportunities, and embezzlement.

a. Ponzi Schemes: Several victims have come forward, claiming that Bedrossian convinced them to invest significant sums of money into what he presented as a lucrative investment opportunity. However, instead of generating legitimate returns, he allegedly used new investors’ funds to pay off earlier investors, a classic characteristic of Ponzi schemes.

b. Fake Investment Opportunities: Bedrossian has been accused of promoting and marketing non-existent or fraudulent investment opportunities. These schemes targeted unsuspecting individuals seeking high returns on their investments, ultimately leaving them with substantial financial losses.

c. Embezzlement: Some reports suggest that Bedrossian misappropriated funds entrusted to him for business purposes. He allegedly diverted these funds for personal use, including extravagant purchases and maintaining an opulent lifestyle.

Legal Proceedings:
As of September 2021, there were ongoing investigations into the allegations against Harout Bedrossian. Law enforcement agencies and regulatory authorities were actively pursuing the case to gather evidence and build a strong case against him. However, specific outcomes and legal charges have not been publicly disclosed at the time of this report.

Impact on Victims:
The alleged scamming activities orchestrated by Harout Bedrossian have had severe consequences on the victims. Many individuals and families suffered significant financial losses, jeopardizing their savings, retirement plans, and financial security. The emotional and psychological toll of being defrauded cannot be underestimated, leaving victims feeling betrayed and disillusioned.

Response from Authorities and Public:
As the news of the alleged scams broke, public sentiment turned negative towards Harout Bedrossian. Many individuals who had once trusted him as a reputable entrepreneur now felt deceived and outraged. There were calls for swift and severe legal action to hold him accountable for his actions.

Harout Bedrossian’s alleged involvement in fraudulent activities, particularly scams worth $1 million, has raised serious concerns about tighter regulatory oversight and investor protection measures. As investigations continue, it is essential to let the legal process run its course and ensure a fair trial for all parties involved. As of September 2021, Bedrossian’s reputation and career prospects have been severely impacted, but the final verdict will ultimately determine the consequences he will face for his actions.

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Reported by

Mattie T. Floyd - WI

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Fri, Aug 11, 2023